MoonPay Announces New York BitLicense Approval, Clearing Path for U.S.-Wide Crypto Services

Crypto payment platform MoonPay announced it secured both a BitLicense and a money transmitter license from the New York State Department of Financial Services (NYDFS), enabling it to operate in all 50 states.

Regulatory Milestone for Nationwide Access

The approval positions MoonPay among crypto payments firms authorized to conduct virtual currency activities in New York, a state known for its strict financial oversight.

This comes at a time when digital asset firms are racing to align with changing regulatory landscapes, particularly under Donald Trump’s administration's pro-crypto stance, which has been actively working on broader federal guidelines.

“With the approval of our New York BitLicense and Money Transmitter Licenses, MoonPay now holds the golden regulatory stack for crypto in the U.S., allowing us to directly serve customers in every single state without gaps in coverage,” commented co-founder and CEO Ivan Soto-Wright.

“As a U.S.-founded company with a headquarters in New York City, we’re immensely proud of this milestone and look forward to our continued work with regulators nationwide to make crypto accessible to everyone,” he shared.

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The regulatory win closely follows the opening of MoonPay’s new headquarters in New York City, now its largest U.S. office. The move reflects the company’s strategic investment in its domestic presence, aligning with its regulatory ambitions.

NYC Headquarters and Global Footprint

MoonPay has been on an expansion spree beyond U.S. borders as well. It holds registrations in the UK, Australia, Canada, Italy, Ireland, and Jersey, and was among the first firms to secure a crypto asset service provider license under the EU’s MiCA regulation last December.

The New York approval caps what MoonPay described as a record-breaking year in 2024, during which it became cash-flow positive and profitable. That financial turnaround bolsters its positioning as a maturing firm in a sector that continues to face scrutiny over sustainability and compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term.

Recently, Mastercard and MoonPay collaborated to support stablecoin payments across Mastercard’s network. According to the announcement, the companies plan to let businesses and consumers pay or receive payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term using stablecoins.

🚨 BREAKING NEWS 🚨

MoonPay and @Mastercard have joined forces to enable stablecoin payments and spending at 150 million global businesses!

with this partnership, every crypto wallet will also have access to new stablecoin-powered virtual Mastercards pic.twitter.com/nklJySCntP

— MoonPay 🟣 (@moonpay) May 15, 2025

The partnership involves Mastercard-branded cards that reportedly connect to users’ stablecoin wallets. At the point of sale, the stablecoins will be automatically converted to local currency, and payments are reportedly acceptable in over 150 million locations that support Mastercard worldwide.